Office

In the first half of 2022, demand for offices in the Polish largest regional cities was higher than in the entire 2021. Also office assets in such locations are now one of the main targets for investors.

Document State Enterprise, based in Kiev, has opened a branch in Poland. The administrative unit, directly cooperating with the Ukrainian government, began its operations in Blue Office in Warsaw. Walter Herz represented the owner of the building in the lease process

KanAm Grund Group’s open-ended real estate fund Leading Cities Invest has sold the Pau Claris complex in Barcelona. The company bought the property in 2019 and was able to sell it at a profit.

JLL data suggest that compared to the same period last year, net demand increased by more than 50% with tenants leasing 83,800 sq m of modern office space. Companies from the information technology, pharmaceutical and professional services sectors were particularly active. The current volume of Prague's office space stands at...

The first phase of Millennium Gardens „A+ category“ office building has received its occupancy permit. The north tower office building, designed by Finta Studio, using state-of-the-art architecture and sustainable solutions – is the final element of the Millennium City Center project in Budapest, developed by TriGranit.

Generali Real Estate has achieved the BREEAM-In-Use Part 1 (Version 6) ‘Excellent’ rating for One Fen Court, the 4th office building in London to achieve this rating operationally.

The property and investment company behind £360 million plans for the world’s first mixed-use, net zero carbon ready development in Birmingham has thrown its weight behind the growth of the city’s technology and innovation quarter.

Kanał Sportowy, the most dynamically growing sports platform in Poland, has joined the group of tenants of Konstruktorska Business Center in Warsaw. The company occupies 512 m² of modern space located on the ground floor of the building belonging to Golden Star Group.

Launched in 2020, the open special AIF “Empira Opportunities Fund” is performing well. So far €840 million have been invested to date, and an attractive return (ITD) of approximately 65% has been achieved.

One of Vienna's most impressive buildings has found a new tenant. Delta Car Trade Austria GmbH, with the support of Modesta Real Estate, has decided on an approx. 450 m² office space on the 16th floor of the Millennium Tower Vienna, owned by Art-Invest Real Estate Austria.

The stunning transformation of 1 City Square into one of Leeds’s finest office buildings continues apace. Hot on the heels of a £8million refurbishment comes the news that a new on-site cafe is opening next month, while a new fully-fitted, hi-spec office on the ground floor will be available from October.

Thackeray Group has sold its Assembly Rooms office development in Putney to a private investor for more than £30 million.

Alstria Office REIT-AG remains on course in the first half of the year: The revenues developed as planned and reached € 91.6 million in the first half of 2022 (6M 2021: € 90.0 million). The increase by 1.7% is mainly due to revenues from new leases, indexations as well as revenues from leases of the properties acquired in 202...

Newmark Polska has relocated its Warsaw headquarters. Its new office is located in Centrum Marszałkowska, a modern complex in the business heart of the Polish capital.

Cushman & Wakefield has released a summary of the first half of 2022 on the Polish investment market. In the first two quarters of the year, Poland’s total commercial property investment volume was 44% higher than in the same period last year. Below are other key summary findings.

Patron Capital has completed the sale of BdB, a 3,600 m² office building in Avenida Barbosa du Bocage, 85, Lisbon, to Fundo VIP, a Portuguese open-ended real estate fund managed by Silvip.

Capital values decreased 0.5% across all UK Commercial property in July 2022, according to the latest CBRE Monthly Index. Over the month, rental value growth was 0.3%. Total returns were -0.1%.

Savills has been appointed as property manager for Widok Towers, the most centrally located skyscraper in Warsaw. The mandate follows many years of cooperation with Commerz Real AG, the owner of the property, on Tulipan House and Millennium Park A.